Course Overview
The Accounting Package course provides in-depth training on industry-leading financial management software, including Tally, FACT, and SAP. These software solutions are widely used for accounting, taxation, inventory management, payroll processing, and business reporting. This course covers fundamental and advanced features, equipping students with practical skills to manage business finances efficiently.
By mastering accounting software, learners can streamline financial operations, automate bookkeeping, and generate accurate financial reports. The course includes hands-on training with real-world scenarios to ensure a comprehensive understanding of accounting principles and software functionality.
Scope of the Course
Accounting software is essential for businesses of all sizes to maintain accurate financial records, comply with tax regulations, and make data-driven decisions. Proficiency in Tally, FACT, and SAP opens career opportunities in finance, accounting, taxation, and business management. Skilled professionals can work as accountants, finance executives, auditors, or business analysts in corporate firms, banks, and government sectors.
Additionally, businesses benefit from accounting software by reducing manual errors, improving financial transparency, and automating reporting. This course prepares learners for roles in accounting firms, financial consultancies, and ERP-based financial management.
Course Objectives
- Understand the fundamentals and history of accounting software (Tally, FACT, and SAP).
- Learn to create and manage company accounts, ledgers, and inventories.
- Develop skills in voucher entries, tax calculations, and financial reporting.
- Explore payroll accounting, stock management, and cost centers.
- Gain hands-on experience in data security, backup, restoration, and system customization.
Course Contents
Features, Objective & History
- Introduces the key features of Tally/FACT/SAP and their roles in modern accounting.
- Explains the primary objectives behind using these software solutions for efficient financial management.
- Reviews the evolution and history of accounting software, highlighting major milestones and innovations.
Creation of Computer
- Covers the process of setting up a computer system optimized for accounting tasks.
- Discusses essential hardware and software requirements for running accounting software effectively.
- Emphasizes system configuration and maintenance to ensure stability and performance.
Creation of Tally Vault and Security
- Demonstrates how to create a secure Tally Vault for storing sensitive financial data.
- Explains the importance of setting up strong security protocols and user permissions.
- Provides best practices for data encryption and regular security audits to protect business records.
Control
- Details the configuration of control settings within the accounting software.
- Teaches how to assign user roles and manage access rights effectively.
- Ensures robust oversight to prevent unauthorized changes and maintain data integrity.
Function of Keys
- Introduces various function keys and shortcuts used in accounting software.
- Demonstrates how to utilize these keys to expedite navigation and data entry.
- Provides practical exercises to enhance speed and efficiency in daily operations.
Creation of Groups and Ledger
- Guides students through setting up groups to organize financial accounts systematically.
- Explains the creation and management of ledger accounts for recording transactions.
- Emphasizes the importance of a well-structured chart of accounts for accurate financial reporting.
Creation of Inventory and Unit of Measure
- Teaches how to set up inventory management within the software.
- Explains the assignment of units of measure to ensure accurate tracking of stock items.
- Covers integration of inventory details with financial records for comprehensive reporting.
Voucher Entry
- Explains the process of recording financial transactions using vouchers.
- Details the classification of vouchers for different transaction types.
- Emphasizes the importance of maintaining an accurate and auditable record of transactions.
Purchase
- Details how to enter purchase transactions and record supplier details.
- Details how to enter purchase transactions and record supplier details.
Sales
- Explains the entry and management of sales transactions.
- Emphasizes accurate recording to maintain consistent sales data for analysis.
Receipt
- Guides students through the process of recording incoming cash and payments.
- Explains reconciliation with invoices and bank statements.
- Ensures clear documentation for effective cash flow management.
Payment
- Covers the entry of payment transactions to vendors or creditors.
- Emphasizes the importance of timely payments and record accuracy.
Contra
- Explains the concept of contra entries to manage inter-account transfers.
- Demonstrates how to record transactions that offset each other.
Journal
- Provides an overview of recording miscellaneous transactions in the general journal.
- Emphasizes the importance of journal entries for capturing adjustments and corrections.
Debit Note
- Explains the issuance of debit notes for adjustments or returns.
- Details how to record changes in receivables or inventory values.
Credit Note
- Describes the issuance of credit notes for customer refunds or corrections.
- Covers the recording of decreases in sales or inventory levels.
Tax Entry
- Explains how to segregate financial data for more organized reporting.
- Covers techniques for setting up print layouts to produce clear, professional reports.
Backup and Restore
- Highlights the critical need for regular data backup to protect against data loss.
- Demonstrates procedures for restoring data from backups in case of system failure.
Import and Export of Data
- Explains how to transfer data between different accounting systems.
- Covers adjustments, stock transfers, and reconciliation of stock levels.
Payroll Accounting
- Explains the process of handling payroll transactions within the accounting software.
- Covers salary processing, deductions, and tax withholdings for employees.
Godown
- Provides guidance on setting up and managing godown (warehouse) details.
- Ensures effective inventory management and logistics planning.
Cost Center
- Introduces the concept of cost centers for departmental expense tracking.
- Explains how to allocate and monitor expenses across different business units.
Stock Categories
- Explains how to create and manage stock categories for organizing inventory.
- Details assigning stock items to specific categories for clarity.
Project Work
- Integrates all learned concepts into a comprehensive real-world project.
- Encourages practical application of data entry, reporting, and security features.